Property investors are fleeing as demand shock sets in
Australia's property market is facing a sharp new demand shock, with investor lending suffering its biggest quarterly fall in years and first home buyers failing to step into the breach.
The pace of the investor sprint away from property is seemingly gathering pace. (Image source: Volodymyr TVERDOKHLIB/Shutterstock.com)
The latest lending figures suggest a major shift is under way in Australia’s property market but not the one that was necessarily intended when major tax changes were introduced.
As was planned, investors pulling back sharply and taking the heat out of what was an overcooked property market.
But the first home buyers the Federal Budget was intending to help are showing little appetite to pick up the lower-priced properties.
New data from the A…
